In the domestic economy major reforms were undertaken in the _______ sector.
Industrial Sector
Service Sector
Tertiary Sector
Service sector
With regard to the WTO subsidies are covered in two seperate international economic law agreements which are they?
The reform treaty and Treaty of Rome
The North American free trade agreement
GATT and the Agreement on subsidies
Free Trade Agreements
Privatization refers to
The sale of privately owned businesses to the government sector
The sale of public companies to the private sector
The sale of corporately owned businesses to individuals
All the above
The current round of negotiation in the WTO is known as the
Doha Development Round (DDA)
Seattle Summit
Cancun Meet
Torquay Round
(A) Globalization has created new opportunities of employment and emerging multinationals
(B) A ready measure of the extent of globalization of the good market of India is provided by the share of imports and exports in overall output
Select the correct answer using the following codes:
Only A is true
Both A and B are true
A is true but B is false
A is false but B is true
Which of the following is called as an important agro-based industry ?
Steel
Cement
Sugar
Jute
What are the important outcomes of the globalization process?
Outsourcing
Financing
Decision taking
Exporting
The General Agreement on Tariffs and Trade was replaced by the
World Trade Organization
Multilateral Trade Agreement
Cross-Regional Trade Group
North American Free Trade Agreement
The new industrial policy was announced in
1980
1984
1991
2001
Which of the following were the aims behind the setting up of the World Trade Organization (WTO)?
1. Promotion of free trade and resources flows across the countries2. Protection of Intellectual Property Rights3. Managing balanced trade between different countries4. Promotion of trade between the former East Bloc Countries and the Western World Select the answer by using the codes given below:
1,2 and 4
1 and 2
2 and 3
1 and 4
